Digital solutions tailored to your needs
Make your eTransaction operations more efficient, secure, and convenient with our services available 24 hours a day, 7 days a week. Our digital tools will help you improve cash flow, increase visibility and control, and simplify your financial operations.
Always Available
Access our eTransaction solutions 24/7 and 365 days a year. Now you can manage your financial operations with maximum flexibility and convenience.
Single Sign-On (SSO) enabled
View account positions, extract statements & reports, and group multiple company accounts under one login for streamlined access.
eConnectivity with clients
Secure data transfers between your accounting system and RAKislamic in your preferred file formats, network protocols, and security standards. Our API allows real-time payment initiation and confirmation, providing you with greater control and visibility over your payment process – directly from your own systems.
ePayments customised to your requirements
Make intra-account transfers, local & international payments in various currencies, and single or bulk payments with our customisable ePayments solution.
eManaging your expenses
Manage employee salaries, including those complying with the UAE's Wages Protection System (WPS) requirements. You can also request special access for viewing and approving expenses from different web and mobile platforms.
eTrade Finance Import & Export
Manage import and export transactions easily with our comprehensive eTrade Finance Import & Export service.
eLiquidity Management
Ensure you always have the liquidity you need and automate daily fund management between accounts with our simple and convenient tools.
Effective Digital Reconciliation and Reporting
Discover efficient SWIFT MT940/MT950 account statement submission
SWIFT, the Society for Worldwide Interbank Financial Telecommunication, operates a worldwide network that enables secure messaging and communication among financial institutions. MT940/950 is among the various standardized message types designated by SWIFT for different financial industry functions.
Benefit from multiple channels for generating, transmitting, or submitting statements securely to authorised personnel, along with features such as:
- End-of-day account statements in MT940/950 format, providing detailed information on all account entries posted during the previous business day.
- Transmissions to SWIFT addresses of local or international banks for easy reporting on their online platforms.
- Submissions via Host-to-Host (H2H) for seamless integration with your ERP and accounting systems.
- Downloads from our Digital Banking for reconciliation and integration.
- Direct transmission to your SWIFT registered address with Score or Member Administered Closed User Group (MA-CUG), ensuring efficient and secure delivery of statements.
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Your all-in-one financial partner
Simplify your banking experience with our feature-rich app. From payments to payroll, our comprehensive Banking Solutions provide everything you need to manage your business finances from one secure and easy-to-use platform.
